I believe the stk should go back up to about
$5.00 when BS option to match period is over. The PL
deal is the same as when it was first announced when
the price went to $5. The price dropped due to the
uncertainty that a deal would get done.
buy hundreds of thousands of shares to see the value
go to $4. I'm sure they felt the potential for a
quick rise to $5 and up from there. Will probably see
the appreciation when PL deal is final.
believe BS has 5 days to match PL's offer. So there
should be a press release by next Friday, hopefully
before market closing.
Anyone else have ideas
about price next Friday?
All approvals by
Board of Directors of PZN
Pacific Life have been obtained and
been signed . Documents filed with the Sec
closing will take place prior to
June 30th with
Pacific Life unless Blackstone
group meets or beats
the PL deal Before
Had a chance to look at the 8 k. Unfortunately it
is written by lawyers in language that only a lawyer
could love. But one thing caught my eye--the agreement
PL signed is specifically enforceable.
lawyer once told me that a specifically enforceable
agreement gives both parties the right to go to court and
have a judge force the other party to complete the
deal on the terms of the deal.
So, not only is
the PL deal more than just talk--it is a lock.
The PL deal is not nailed down yet, There is
nonthing certain about the PL deal as of yet. There are
still more talk to do concerning the PL deal, and talk
comes cheep.Dont count your chickens before the eggs
I really do hope this PZN deal works out for
Then, just maybe... you will be able to afford to buy a
computer that allows you to type in BOTH upper and lower
case letters. Then you can STOP SHOUTING at everyone!
the risk/reward for PZN is favorable. With the PL
deal nailed down it removes the risk of bankruptcy.
Blackstone will probably walk away with their drop dead
fees. The banks will roll their commitments over as a
refinancing is very unlikely at this time. Capital spending
is winding down and along with the cancellation of
dividends this should shore up cash flow going forward. The
big key is filling up the 6-7 new and or expanded
prisons in order to drive occupancy well into the 90%+
range. This is by no means a given but if everything
broke right and solid, reputable management were
brought in then this stock could easily double from
present levels. BTW, I am not personally long as I have
been fearful of the worst but now that the PL deal is
set I think PZN looks like an interesting speculative
you are so full of shit, i bet your eyes are
brown.how could anyone suggest, unless it is a hopeful
guess this company will ever get back on it;s
it is politicaly ruined, no money to buy them,that
is how they come as far as they have anyway. The way
you talk, and as uplifted as you sound, it seems you
may be somekind of employee of pzn.
The demand for Prisons is huge. This
investment lifts the dark cloud that may
states from considering PZN
as provider of
Dreman Funds at Kemper are confident that
return to 30% annualized growth.
We could see a
$30 stock price 5 years out.
I do not have a view about next Friday, other
than to agree with you in that if BS bows out, PZN
will rise. My guess is no more than $5.
the next 3 months, my view is that PZN will perform
in accordance with the SPEED with which this deal is
done. First we need PL to lock in the deal. Then we
need PL to actually take over and install new
management (CEO and CFO). Then new management must act
quickly to plug leaks in the boat and set it on a true
course. For example, selling the low occupancy prison in
California for about book value (good deal for California,
but good for PZN too), would bring in even more cash
Speed is of the essence now.